Automotive Aluminum Extrusion Market 2020- COVID-19 Analysis, Share, Growth, Opportunities and Forecast To 2030

According to the report, the global automotive aluminum extrusion market is projected to reach US$ 93.3 Bn by 2030, expanding at a CAGR of 6% during the forecast period. Rise in the demand for lightweight vehicles across the globe is likely to propel the automotive aluminum extrusion market. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. The enactment of stringent regulations regarding exhaust gas emission across the globe is prompting vehicle industries to develop lightweight vehicles, which is likely to propel the automotive aluminum extrusion market across the globe.

Expansion of Global Automotive Aluminum Extrusion Market

The surge in trade volume owing to rising bilateral trade among countries is projected to boost the automotive aluminum extrusion market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

Based on vehicle, the global automotive aluminum extrusion market has been segmented into minicompact (A Segment), supermini (B Segment), compact (C Segment), mid-size (D Segment), executive (E Segment), luxury (F Segment), utility vehicles, light commercial vehicles, heavy commercial vehicles, and buses & coaches. Utility vehicles is likely to be a highly lucrative segment during the forecast period. This is primarily due to rise in demand for SUVs across the globe. The increase in demand for light commercial vehicles across the globe due to an increase in transportation of goods and commodities across the globe is projected to fuel the demand for light commercial vehicles globally.

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Based on type, the sub-structure segment accounted for a significant share of the global automotive aluminum extrusion market. Rise in demand for electric vehicles where aluminum sub-structure is widely used to increase vehicle range is anticipated to boost the automotive aluminum extrusion market across the globe.

Regional Analysis of Automotive Aluminum Extrusion Market

The global automotive aluminum extrusion market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive aluminum extrusion market in 2019. It is anticipated to hold a leading share during the forecast period due to rise in the production and sale of vehicles in China and countries in ASEAN.

Followed by Asia Pacific, Europe also held a significant share of the global automotive aluminum extrusion market due to increase in the demand for utility vehicles in the region. The surge in the demand for electric vehicles due to an enactment of stringent emission norms across Europe and Asia Pacific is likely to propel the aluminum extrusion market across Europe and Asia Pacific.

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Key Players in Automotive Aluminum Extrusion Market

Prominent players operating in the global automotive aluminum extrusion market include BENTLER International, Bonnell Aluminum Extrusion Company, CAPALEX, Constellium SE, Innoval Technology, Kaiser Aluminum Corp, KOBE STEEL Ltd., Norsk Hydro ASA, Novelis Inc. OmniMax International, ProfilGruppen Extrusions AB, SMS Schimmer, UACJ Automotive Whitehall Industries, Inc., and Walter Klein GmbH & Co. KG.

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Ultra Wideband Chipset Market 2020 Global Analysis, Research, Review, Applications And Forecast To 2030

Transparency Market Research delivers key insights on the global ultra wideband chipset market. In terms of revenue, the global ultra wideband chipset market is estimated to expand at a CAGR of 6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global ultra wideband chipset market.

Ultra wideband (UWB) refers to a technology that infuses low energy for high bandwidth communications in a short range. It can carry a huge amount of data over distances up to 230 feet. It can also carry the data across barriers such as doors or cross any other obstacle due to its higher power. It broadcasts digital pulses, which are precisely timed at number of frequency channels. It has various applications such as wireless printing, next-generation Bluetooth, peer-to-peer connections, and wireless high definition video.

The global ultra wideband chipset market has been broadly segmented based on application and end user. Based on application, the ultra wideband chipset market has been divided into industrial automation (production lines, and logistics & operations management), automobile (in-car communication and telematics, smart car access, and others), drones, smart home devices, smartphones, and others. Based on end user, the market has been segregated into individual, government, automotive, and industrial. Among applications, the industrial automation segment holds significant market share and is anticipated to expand at a rapid pace during the forecast period. This is primarily attributable to significant use of ultra wideband chipsets in production lines and logistics & operations management applications.

Ultra Wideband Chipset Market: Dynamics

The global ultra wideband chipset market has shown rapid growth, since the last few decades. One of the major factors driving the growth of the global ultra wideband chipset market includes rising adoption of UWB-based RTLS (real-time location system). RTLS is extensively used for indoor positioning, mainly to track or locate people or objects within a confined area such as shopping malls, hospitals, airports, etc. The added advantage of ultra wideband (UWB) chipset technology is that it helps to micro-position objects through obstructions and works in non-line-of-sight conditions.

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Big industries such as automotive, healthcare, retail, and many more have been using UWB for location detection of robots and transmission of sensory data in places such as automated warehouses. Initially, UWB systems were being used only in larger industries and military applications due to their high prices. In 2015, Decaware launched inexpensive UWB chips that can be embedded into commercial applications. Additionally, it eliminates the need for RTLS backend. The tags locate information and delivers it via Bluetooth to the app. UWB has registered huge adoption from different industry verticals, owing to the abovementioned factors, which is anticipated to fuel the growth of the global ultra wideband chipset market during the forecast period.

The usage of smart things in home appliances is significant across the globe. Products with wireless connectivity (from light bulbs to thermostats to smart speakers) are used more currently in people’s homes than earlier. It has been found out that approximately 79 percent of U.S. consumers have at least one connected device at home.

However, the technology actually has its roots in a world that predates the growth of remote control thermostats: industrial manufacturing, which is expected to grow at a low pace in the market after the major impact on industries due to COVID-19 in the year 2020. However, Industrial Internet of Things (IIoT) takes networked sensors and intelligent devices and puts those technologies to use directly on the manufacturing floor, collecting data to drive artificial intelligence, and predictive analytics.

Ultra Wideband Chipset Market: Prominent Regions

According to regional analysis, North America is the dominant region in the global ultra wideband chipset market. The growth of the ultra wideband chipset market in the region can be attributed to the significant manufacturing capability of players operating in the North America market to produce ultra wideband chipsets for industrial automation and automobile applications. The U.S. has proved to be the most diversified and dynamic market. Ultra wideband chipsets are majorly used in the industrial automation sector for production lines, and logistics & operations management applications; this is anticipated to drive the ultra wideband chipset market in North America over the next few years.

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The U.S. held a major share of the North America ultra wideband chipset market, in terms of revenue, followed by Canada, in 2019. However, in terms of revenue, the market in Rest of North America is anticipated to expand at a substantial CAGR during the forecast period. Europe is focusing on the adoption of ultra wideband chipsets in order to strengthen its automotive, industrial, and government sector.

Germany is home to several well-established players that design and offer ultra wideband chipsets. Thus, rising demand for ultra wideband chipsets in automotive, industrial, and government sectors is anticipated to boost the ultra wideband chipset market in Europe during the forecast period. The ultra wideband chipset market in Asia Pacific is estimated to witness prominent growth during the forecast period. The market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

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Amenity Kits Market Trend | COVID – 19 Outbreak, Players and Forecast to 2030

Transparency Market Research delivers key insights into the global amenity kits market. In terms of revenue, the global amenity kits market is estimated to expand at a CAGR of 1.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global amenity kits market.

The global market for amenity kits is largely affected by numerous factors, including increasing number of business class passengers and growing number of strategic partnerships among airlines and key brands of amenity kits. The overall growth in the fleets of passenger aircraft across different regions is driving the global market for amenity kits.

Amenity Kits Market: Key Segments

The global market for amenity kits has been segmented by type, element, packaging, application, and region. In terms of type, the amenity kits market has been divided into first class kits, business class kits, premium economy class kits, and economy class kits, wherein, the demand for first class and business class kits is very high.

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This trend is anticipated to continue throughout the forecast period, owing to the frequent launch of new products. Based on element, the amenity kits market has been divided into skincare products, dental & oral care products, eye masks, earplugs, socks, miscellaneous (comb, pen, tissue, etc.), and others (slippers, etc.). The skincare products segment accounted for a significant market share, by revenue, in 2019. Furthermore, the segment is estimated to expand at a CAGR of 1.8% during the forecast period.

Based on packaging, the global market for amenity kits has been divided into bags and pouches. The pouches segment held majority market share in terms of volume and value in 2019. Continuous upgrade of pouch designs and use of sustainable materials are key trends observed in amenity kits packaging. Based on application, the global amenity kits market has been classified into airlines, premium trains, cruise ships, and others (luxury buses, etc.). The airline segment held a dominant market share in terms of volume and value in 2019. The segment growth can be attributed to rise in tourism, business events, and global connectivity.

Amenity Kits Market: Prominent Regions

The global market for amenity kits has been categorized into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America). The North America amenity kits market exhibits significant demand followed by Europe and Asia Pacific. The market growth in North America can be attributed to consumer preference for air travel and willingness to spend on premium services.

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Furthermore, the market in the region is anticipated to register a CAGR of 1.6% during the forecast period. In Asia Pacific, the market for amenity kits generated revenue worth USD 1.2 Bn in 2019. China is the major country contributing to the overall demand for amenity kits in the region. In Europe, the market for amenity kits is projected to reach US$ 1.5 Bn by 2030. The penetration of major airlines such as Ryanair, Lufthansa Group, International Airlines Group, Air France, and KLM is estimated to drive the demand for amenity kits in Europe.

Amenity Kits Market: Key Players

Key players operating in the global amenity kits market are Nowara Group, 4Inflight International Limited, ZIBO RAINBOW, InflightDirect, WK THOMAS, Aire Inflight FZE, Clip Limited, AMKO GROUP INTL. LTD., Orvec International Limited, Linstol, AVID Products, Inc., Galileo (Galileo Watermark), and Buzz Products.

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Automotive Multi-domain HVAC System Market 2020- Forecast, Size, Overview, Price, Demand and Forecast to 2027

 

• Adoption of sensors, such as proximity sensors, photon sensors, and temperature sensors, has increased in a vehicle. This is attributed to a rise in automation of vehicles for enhanced performance and efficiency and comfort and convenience of passengers, which has led to continuous improvement of HVAC systems in vehicles. This, in turn, is expected to fuel the automotive multi-domain HVAC systems market.
• HVAC represents heating, ventilation, and air conditioning in vehicles. HVAC system regulates temperature, ventilation, and dehumidification in the vehicle in order to enhance driving comfort. The automotive multi-domain HVAC system regulates temperature and humidity of the vehicle cabin automatically with the help of sensors and is a luxury feature added to vehicles in order to attract consumers.

Key drivers of global automotive multi-domain HVAC system market

• Increasing demand for sun-sensitive HVAC system, which ensures comfortable cabin environment for all occupants, is propelling the automotive multi-domain HVAC system market. For instance, implementation of photon sensors, which are able to sense solar radiations, coupled with temperature sensors in an intelligent HVAC system enable a vehicle to sense the position of the sun and the temperature of the surrounding, respectively. This enables the HVAC system to automatically regulate the cabin temperature in the vehicle, thereby increasing the efficiency of HVAC system to regulate vehicle cabin temperature.
• Rise in demand for increased performance of vehicle systems, such as HVAC, and technological advances are driving the multi-domain HVAC system market. Furthermore, increased demand for multi-function electronic components is paving the road for innovation in the semiconductor industry, which in turn is boosting the automotive multi-domain HVAC system. For instance, STMicroelectronics has developed a wide range of thermal sensors for several applications including sensors for monitoring rise in temperature in engine and the vehicle cabin. The applications mentioned above have increased the complexity of technology incorporated in the vehicle; however, it is projected to drive the multi-domain HVAC system market.

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• Rise in trend toward advanced automatic control systems and willingness of consumers to pay more for comfort and luxury have led to an increase in the demand for vehicles incorporated with HVAC systems. Moreover, stringent government regulations pertaining to vehicle emissions and fuel economy call for more advanced and efficient vehicles. HVAC system in a vehicle derives power from the vehicle engine. Therefore, the need for fuel efficient multi-domain HVAC system is rising. For instance, Corporate Average Fuel Economy regulations enacted by National Highway Traffic Safety Administration in U.S. mandate all automakers to increase fuel economy of their passenger cars and light trucks.
• Sales of vehicles have declined globally; however, rise in penetration of SUVs and electric vehicles indicate optimistic growth of the overall automotive market. Rise in demand for sport utility vehicles, which offer more cabin space and advanced HVAC system, is fueling the multi-domain HVAC market. For instance, in 2018, in terms of volume, SUV sales stood at 29.77 million units, which indicated a 6.8% increase, as compared to 27.88 million SUV units sold in 2017. Furthermore, countries including Russia, U.S., Canada, and China were major contributors to total global SUV sales in 2018.

Asia Pacific to be highly lucrative market for automotive multi-domain HVAC systems

• Asia Pacific is witnessing rapid technological advancements. For instance, China is a key country in terms of research and development of electric vehicles. Furthermore, China is witnessing rapid adoption of electric vehicles for both public and personal transport. Strategic partnership between OEMs to increase the production capacity of vehicles in counties, such India, is expected to boost vehicle production. For instance, in May 2018, Toyota Motors and Suzuki Motor Corporation signed a contract to share and expand the manufacturing facility owned by Toyota, at Bengaluru, India, to increase vehicle production. The factors mentioned above offer lucrative opportunities to manufacturers of multi-domain HVAC system in Asia Pacific.

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Key players operating in global automotive multi-domain HVAC system market

The global automotive multi-domain HVAC system market is highly concentrated owing to the presence of several top manufacturers. A few key players operating in the market are:

• NXP Semiconductors
• Robert Bosch GmbH
• Delta-T Devices Ltd
• Delphi Automotive LLP
• Eigenbrodt GmbH & Co. KG
• Thermo Sensors Corporation

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Automotive Filters Market 2020 | COVID-19 Analysis, Future Guidelines and Profit Margin Revenue & Forecast by The End Of 2025

The competition amongst the players operating in the global automotive filters market is expected to intensify in the near future. The fragmented nature of competitive landscape likely to remain so due to an unstoppable influx of new players. The unprecedented rise of automotive sectors across the world as the global economy limps back to normalcy is projected offer many lucrative opportunities. Some of the leading players operating in the global market are MAHLE GmbH, Sogefi SpA, A.L. Filter, and MANN+HUMMEL GmbH.

According to Transparency Market Research, the global automotive filters market stood at US$ 4.14 bn in 2016 and is expected to reach US$ 6.83 bn by the end of 2025 as the market promises to surge at a CAGR of 3.24%. During the forecast period of 2017 and 2025, the global market for automotive filters will be driven by air filters as the levels of pollutions continue to rise relentlessly across the globe. The new wave of rising disposable income and soaring investments in the automotive sector are expected make Asia Pacific a clear winner amongst all the other regional markets.

An automotive filter aids in extending engine life, as it competently traps dirt and debris that damages the internal parts of an engine such as pistons and cylinders. A small particle of salt can damage the engine, which further entails high repairing cost. Automotive filters enables proper air flow to the engine, thus maintaining optimal combustion through appropriate air-fuel mixture.

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The filter aids in enhancing the emission control system efficiency and simultaneously mitigates ignition problems in the spark plug which can give rise to austere drivability issues. Proper air flow enables the engine to function efficiently and effectively, thereby raising fuel efficiency and reducing harmful carbon emissions. These advantages are likely to propel the demand for automotive filters considerably during the forecast period from 2017 – 2025.

The growth of automotive filter market can be accredited to the rapidly growing and changing automotive industry supplemented by constant expansion of commercial vehicle fleet size, swelling passenger car sales as well as rise in purchasing power of consumers. Simultaneously, constant annual reduction in the ceiling cap for permissible carbon emissions is likely to attribute as a growth opportunity in demand for the filters globally. This rise in demand is estimated to increase in the near future, thereby augmenting the expansion of the automotive filters market.

The market is also expected to be driven by the stringent nature of rules and regulations governing the growing problem of carbon emissions. As nations, both developed and developing, work toward creating a cleaner and greener tomorrow, they are likely to boost the demand for automotive filters in order to have fuel-efficient engines.

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Development of Electrical Vehicles Likely to Drop Sales of Automotive Filters

On the flip side, the global automotive filters market is likely to face some tough challenges in the future. The wave of electronic vehicles that are driven by the batteries instead of fuel are expected to hold back the growth of the global market. The newer car models that eliminate fuel usage by using electricity are expected to have a negative impact on the sales of automotive filters. This issue is expected to gain momentum in the coming years as initiatives for greener and cleaner cities picks pace.

This review is based on Transparency Market Research’s report, titled “Automotive Filters Market (Filter Type – Air Filters, Fuel Filters, Oil Filters, Air Cabin Filters, Steering Filters, and Hydraulic Filters; Vehicle Type – Passenger Vehicles and Commercial Vehicles; End Use -OEMs and Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025”.

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Automotive Lubricant Market Size, Share, Status, SWOT Analysis and Forecast to 2026

Transparency Market Research has published a new report titled, “Automotive Lubricant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive lubricant market is anticipated to surpass US$ 120 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Increased number of on-road vehicles, globally, is driving the automotive lubricant market. Average age of vehicles has increased with more number of people preferring to retain their vehicle. Consequently, an increased number of ageing vehicles on the road need maintenance, thereby driving the demand for automotive lubricant.

Demand for lower viscosity oils has increased due to their ability to improve engine performance and fuel economy. OEMs are recommending lower viscosity lubricants and shifting the OEM and aftermarket demand toward better quality synthetic /semi-synthetic oils. Consumers are becoming more aware about maintenance of their vehicle’s health.

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Synthetic/Semi-synthetic oils are expensive but have longer drain interval time and hence, adoption of these oils is a win-win situation for both manufacturers and consumers. Therefore, the market is moving toward higher value lubricants. API or API-equivalent standards are followed globally in order to curb rising emission and maintain minimum performance of lubricants. Rising performance requirements are prompting OEMs to seek better quality lubricants, which in turn is boosting the automotive lubricant market.

Vehicle users in North America and Europe prefer automatic transmission, which contributes to the high demand for automatic transmission fluid (ATF) in these regions. Asia Pacific is witnessing a technology shift from manual to automatic transmission, owing to the rising demand for continuously variable transmission and dual clutch transmission. This is expected to drive the demand for ATF in the region.

In terms of sales channel, the aftermarket segment is expected to dominate the global automotive lubricant market. Automotive lubricants require periodic replacement and hence, the demand for lubricants in the aftermarket is high. OEMs have different lubricant specifications in different countries. However, OEMs are converging to maintain same portfolio across the global market in order to simplify marketing and distribution.

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Key players operating in the global automotive lubricant market include Royal Dutch Shell plc, ExxonMobil Corporation, BP p.l.c., Chevron Corporation, Total S.A.., Sinopec Corporation, Fuchs Lubricants Co., LUKOIL, Phillips 66 Company, Valvoline LLC, Repsol S.A., JXTG Nippon Oil & Energy Corporation, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Petrobras, and Morris Lubricants. The market is largely fragmented due to the presence of several public-sector companies.

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Automotive Fan Drives Market Overview, Trend Analytics and Forecast to 2030

The heightening need for efficient cooling mechanisms in all types of automobiles may generate great demand for fan drives and will help in increasing the growth rate of the automotive fan drives market during the forecast period of 2020-2030. Automotive fan drives form an important component of a vehicle cooling system and eliminate the high chances of engine overheating. These components also absorb the additional heat from the engine and assists in efficient temperature reduction in vehicles.

Automotive fan drives are used in various applications across the automotive sector such as seat ventilation, air conditioning, engine cooling, entertainment system, and others. This factor brings good growth opportunities for the automotive fan drives market. Based on vehicle type, the automotive fan drives market can be classified into LCV, HCV, Racing vehicle, Off-Road vehicle, Passenger car, and others.

This report on the automotive fan drives market offers an expansive analysis of the diverse growth aspects such as current trends, competitive scenarios, regional overview, and others. The extensive analysis benefits the stakeholders greatly and provides a helping hand in preparing exceptional strategies for establishing a strong foothold in the automotive fan drives market. The report also includes the COVID-19 impact on the automotive fan drives market.

Automotive Fan Drives Market: Key Participants and Competitive Trends

The automotive fan drives market has numerous players striving for establishing their influence through activities like mergers, acquisitions, joint ventures, collaborations, and partnerships. These activities eventually emerge as growth multipliers for the automotive fan drives market. Furthermore, the players in the automotive fan drives market invest heftily in research and development activities. This helps the manufacturers in the automotive fan drives market to find new materials and mechanisms that make the product cost-effective and more efficient at the same time.

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The manufacturers in the automotive fan drives market try to develop fan drives that are not only cost-efficient but also help in saving fuel and maintenance costs. Some well-entrenched participants in the automotive fan drives market are as follows:

• Dreison International, Inc. (Maradyne)
• Subros Limited
• Shenglong Group Co., Ltd.
• Delta Electronics (Americas) Ltd.
• Eaton Corporation
• Mahle Behr India Private Limited
• NBE Motors Pvt. Ltd.
• Grayson
• Danfoss
• NRF

Automotive Fan Drives Market: COVID-19 Impact

The COVID-19 pandemic has sent rumbles across the globe with high transmission and fatalities. The deadly disease has not only impacted the physical and mental health of the people but also the economical health of the businesses. The shutdowns implemented by numerous countries to contain the virus have led to tremendous loss across various sectors. The automotive fan drives market is no exception.

The closing down of production plants and the sharp decline in sales of automobiles has eventually led to a decline in the growth rate of the automotive fan drives market. However, many countries are trying to bring the deteriorating economy on track by announcing relaxations in the operations of manufacturing plants and production facilities. This aspect can help the automotive fan drives market to gain the lost growth over the lockdown period.

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Automotive Fan Drives Market: Technological Advancements And Innovations

Novel technologies and innovations form the crux of the growth of the automotive fan drives market. For instance, Danfoss engineering offers optimized fan drive solutions with Reverse Displacement Motor (RDM) and the novel Series 45 Fan Drive Control (FDC). These technologies offer an integrated shift valve and lower minimum system pressures. These aspects help in enhancing the efficiency of the fan drive system and helps in fulfilling low cooling requirements smoothly. Such developments bring immense growth opportunities for the automotive fan drives market.

Automotive Fan Drives Market: Regional Dimensions

The automotive fan drives market can be geographically segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may hold a prominent share across the forecast period of 2020-2030 on the back of the booming automotive sector in the region. The preference of private vehicles over local transport due to the fear of virus transmission is gaining traction and can lead to an increase in automotive sales, eventually benefitting the automotive fan drives market.

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